The Charity Commission for England and Wales has published a report outlining its findings into how insider fraud, namely fraud committed by a trustee, staff member or volunteer, is affecting charities.
The Public Accounts Committee published its report on the growing threat of online fraud, after considering evidence from organisations such as Age UK, Lloyds Banking Group, and the British Retail Consortium. It made for depressing reading with the cost of the crime for individuals estimated at £10 billion, and around 2 million cyber-related fraud incidents last year alone. That number is thought to be growing rapidly.
In a landmark Supreme Court decision, international poker star Phil Ivey has lost his final attempt to salvage £7.8 million in baccarat winnings. All five Supreme Court judges that sat to hear Ivey v Genting Casinos were in agreement that Ivey’s technique of 'edge sorting' constituted cheating and found that the casino had no liability to pay him.